Space

Aerospacelab raises 40 million euros in the B series round

SAN FRANCISCO – Aerospacelab has raised 40 million euros ($ 45.5 million) in a round of financing led by Airbus Ventures and XAnge, a European venture capital firm based in Paris and Munich.

Additional investors in the Belgian startup, which has raised 60 million euros since its founding in 2018, include BNP Paribas Private Equity, Sambrinvest, a Belgian venture capital firm, and SRIW, an investment division of the Belgian region of Wallonia.

“2021 was a fantastic year for Aerospacelab, which marked the launch of our first satellite and demonstrated the effectiveness of our technology in space,” said Benoit Deper, founder and CEO of Aerospacelab. Deper added that the firm is looking to expand its relationship with XAnge, which led the first round of funding for Aerospacelabs, and enlist the support of Airbus Ventures.

Aerospacelab is a vertically integrated company that develops, manufactures, tests and manages satellites and sensors.

Aerospacelab focuses on “true sensor fusion,” which means “the ability to simultaneously control different satellite assets (such as radar and optical) to gain a full understanding of what’s going on,” Deper said. SpaceNews by email. “I’ve never seen anywhere else.”

The latest round of funding will help “Aerospacelab” increase satellite production capacity, deploy several constellations to set up intraday monitoring of the Earth’s surface and implement the ability to analyze geospatial data mergers, “the company said in a February 16 press release.

“Aerospacelab is a shining example of how European talent can implement important space projects in Europe,” said Josef Ashbacher, director general of the European Space Agency.

Geraldine Naja, ESA’s Director of Commercialization, Industry and Procurement, said in a statement: “We warmly congratulate Aerospacelab on its latest fundraiser and look forward to seeking inspiration and advice from Benoit and the team as they expand.”

Matt Costes, a partner at Airbus Ventures, said in a statement that Aerospacelab deserved support from Airbus Ventures, “demonstrating how they can significantly improve decision-making processes in a robust sequence of different sectors and have unique positions to provide geospatial exploration to private companies and governments alike.”

Silicon Valley Airbus Ventures also supports the Australian startup Q-Ctrl; CesiumAstro, specialist in phased array communication; geospatial exploration startup Atlas AI; internet of things company Astrocast; launch vehicle developer Isar Aerospace; and start the engine The space of Morpheus.

“We have been following Aerospacelab from the very first steps,” XAnge partner Gilem de Wregil said in a statement. “Today we are especially excited to be co-leading the second round with Airbus Ventures.”

SRIW is proud of Aerospacelab’s achievements to date and is pleased to continue to maintain its exciting industrial and technological roadmap in this strategic sector, “said Nicholas Dhaene, SRIW’s Investment Manager, in a statement.

Aerospacelab has partnered with Spaceflight Inc. to send its first satellite, a demonstration of cubesat technology with 12 units called Arthur, into orbit on June 30 as part of the SpaceX Falcon 9 Transporter-2 rocket mission.

https://spacenews.com/aerospacelab-series-b/ Aerospacelab raises 40 million euros in the B series round

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